Zuckerberg to Admit That Facebook Has Trust Issues

SAN FRANCISCO — Mark Zuckerberg hopes that one day, in the not too distant future, billions of people will use a cryptocurrency created by Facebook to send money to friends and family around the world.

Mr. Zuckerberg also recognizes that his company is a major impediment to that vision.

Mr. Zuckerberg, the chief executive of Facebook, is expected to admit as much on Wednesday when he testifies about his company’s cryptocurrency project at a House Financial Services Committee hearing.

“I believe this is something that needs to get built, but I understand we’re not the ideal messenger right now,” Mr. Zuckerberg will say, according to written testimony submitted before the hearing. “I know some people wonder whether we can be trusted to build payment services that protect consumers.”

A torrent of criticism has been directed toward Facebook’s cryptocurrency effort, called Libra, since it was announced in June. But the company is pressing on. And Facebook officials over the…